Financial Controls- Leader
Financial Controls Leader
Seeking a highly motivated individual to join a team of COSO testing professionals and will have enterprise-wide exposure to key stakeholders within the external financial/risk/regulatory reporting infrastructure.
The Business COSO team supports the Company’s on-going objective of maintaining an industry-leading financial reporting control environment and is responsible for the following directives:
- Providing meaningful assessments of financial, risk, and regulatory reporting control environment
- Overseeing compliance with COSO based policies for internal controls over financial reporting (SEC and Regulatory Reporting) and strategic planning for on-going compliance with the COSO polices (proactive anticipation of internal control related matters)
- Monitoring new and emerging internal control related guidance and issues and assist with facilitating group-wide training to interested and impacted stakeholders
- Providing consultation and subject matter expertise for process and control related matters including evaluating the severity of control deficiencies and related remediation efforts
- Providing process and control support and thought leadership for projects
- Interfacing with external auditors, regulators, and others on control related matters and,
- Acting as a change agent for continual improvement of the control environment.
- This individual will be a member of the Business COSO team responsible for the following team directives:
- Performing COSO Monitoring team responsibilities including: Supervising and reviewing the work of other COSO Monitoring Team Members who perform COSO Monitoring Team directives
- Performing walkthroughs of significant processes and ensure required COSO documentation is accurate and reflects relevant risk and key controls
- Validating and challenging risk assessment conclusions, including assessing the appropriateness and completeness of key risk and key controls identified
- Validating and providing a credible challenge to identified shared services, third party service providers, and significant applications
- Performing COSO testing of key controls, including design effectiveness assessments and operating effectiveness testing
- Validating and challenging documentation of control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions
- Analyzing the severity of control deficiencies, both individually and in the aggregate, and the impact to internal control over financial reporting
- Assessing the components of internal control for the business unit
- Monitoring open control deficiencies and validating corrective actions
- Building relationships and collaborating with key stakeholders in the SEC and Regulatory Reporting internal control infrastructures and,
- Assisting with projects impacting the team including implementing the Company’s COSO-based Regulatory Reporting Governance & Oversight Framework and the 2013 COSO Framework.
Required Qualifications:
- 6+ years of experience in one or a combination of the following: finance, accounting, analytics, reporting
- Or business/technology audit or a BS/BA degree or higher in Finance, Accounting, Statistics, Economics,
- Or Business and 4+ years of experience in one or a combination of the following: finance, accounting, analytics, reporting or business/technology audit
Desired Qualifications:
- /BA degree or higher in accounting, finance, or economics
- Big four public accounting experience
- A Master of Business Administration (MBA) or a Certified Public Accountant (CPA) Designation
- Knowledge and understanding of regulatory agencies: Federal Reserve and OCC
- Ability to present results of analyses and recommendations to senior leaders
- Experience presenting technical concepts to senior leaders
- Intermediate Microsoft Office skills
- Ability to translate and summarize complex data into understandable, actionable information and recommendations
- Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
Other Desired Qualifications:
- Experience with governance and oversight accountabilities
- Experience with large financial institutions